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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (28501)	2/6/2003 10:52:31 PM
From: LLCF	Respond to of 74559

The final thing... some precious metals. And if Gold breaks out and $US looses confindence we'll be adding there. Don't buy gold stocks except highly inflationary periods... I don't think it's a good place to be. Actual bullion or bullion style coins. Remember... I'm not bullish on the metals, but it could be different this time, they've experienced their bear markets. BUT, I think what your seeing in analogous to the silver rally in '31. Q: Do you think there is any possiblity we have hyper inflation? What happened in Germany, deflation first? A: The fed creates credit.. the Germans were printing notes, so I don't see that initially. So ultimately our only refuge WILL be gold and silver, but that's later... I am surprised commodities have rallied as far as they have, but my overall opinion is unchanged: * Even Democrates are screaming about the spending. * Bernakes solutions are NOT being implimented... the government just turned down airline bailouts. * Essentially the attitude is still very conservative [deflationary], not inflationary. Anyone who buys the book gets membership and updates on our ideas if they buy it here: elliotwave.com DAK